WA-based exploration and development company Rox Resources has released exciting drilling results from the Youanmi Gold Project near Mt Magnet, WA, targeting the previously discovered Midway prospect. Midway is just 300m from the hanging-wall of the Youanmi Main Lode and presents an excellent near mine exploration target, open in all directions. The high-grade tenor of the results to date show Midway has the potential to be higher grade than the Youanmi main lode. Drilling at Midway is continuing.
Results included:
- 6.76m @ 15.40g/t Au from 169.13m
- 3.73m @ 10.25g/t Au from 405.80m
- 2.86m @ 22.03g/t Au from 356.39m
Rox Resources Managing Director, Mr Robert Ryan, said the Midway discovery has vast potential to grow with follow-up work underway.
“From the initial drilling campaign last year, excitement has been building for the latest drilling results at Midway and they have not disappointed, with thick, high-grade gold intercepts proving the exploration concept. Follow-up drilling is currently being planned and will commence in the coming weeks,” Mr Ryan said.
“The results from Midway to date have shown that this discovery has the potential to grow substantially in all directions in a corridor previously untested with drilling. The high-grade tenor of the results to date show Midway has the potential to be higher grade than the Youanmi main lode and has the potential to significantly contribute to the gold resource.
“2023 is evolving into an exciting year for the company as we continue our three pronged approach for building value for shareholders through adding ounces through exploration, increasing resource confidence through in-fill drilling and de-risking the project through feasibility work.”
